In providing the forecasts for the current study, which were made at the end of July/beginning of August, we have:
Taken into accounts developments in the European and global economy, and the on-going impact of tariffs on growth.
That the impact of inventory balancing across several segments and notably industrial eased over the final months of 2024 with orders normalising in the first half of 2025.
Component prices and shortages normalised in 2024 although tariffs have put pressure on prices in 2025.
Consumer spending will remain subdued due to the combination of higher inflation and on-going geopolitical uncertainty.
AI and data centre consumption will be a key driver of growth in the overall computer market in 2025 and 2026. We also expect demand to feed through to higher computer equipment production.
As a result, we expect growth in the European electronics industry to strengthen in the second half of 2025 and then gain momentum over the period to 2028. However, as in previous years significant downside risks remain which could still push a sustained recovery into the first quarter of 2026.
In Euro's the production of electronic equipment in Western Europe increased by an estimated 0.2% in 2024 to Euro 131.2 billion, down from growth of 1.7% in the prior year, growth in the computing and communications segments - primarily radar and navigation/defence - offsetting falling industrial output.
Based on current indicators we are forecasting that growth in electronic equipment output in Western Europe will increase by 2.2% in 2025, 3.7% in 2026 and then accelerate to 4.0% in 2027 and 4.2% in 2028.
INFOGRAPHICS
Electronics Equipment Production by Country/Region 2021-2028
In 2024, the production of electronic components in Western Europe amounted to Euro 49.3 billion, 27.3% of overall electronics production. After two years of double-digit growth electronic component production declined by 2.0% in both 2023 and 2024 on the back of weaker demand and prices normalising following the period of higher prices fuelled by shortages. In 2024, active components accounted for 61.7%, passive 31.9% and other 6.4% while Germany accounted for the largest share of production at 34.9%, followed by Ireland 14.9%, France 14.2%, Italy 11.2% and the UK 5.7%.
The latest edition of Reed Electronics Research's annual survey provides an in-depth outlook for the West European electronics industry through to 2028. Published since 1973 the 'Volume 1 of the Yearbook of World Electronics Data' provides:
A single source solution allowing you to track the electronics industry in 16 countries in Western Europe
13 major product groups
Market and production forecasts
Summaries provided in Euros & US dollars
The option to receive the Excel and Word electronically allows you to manipulate the data quickly and easily: produce your own subsets or summaries of the data, create your own forecasts or cut and paste the data into your own in-house reports and presentations.
Market Data and Forecasts 2022-2028
Production Data 2022-2025
TABLE OF CONTENTS
1. INTRODUCTION
2. SUMMARY DATA
2.1. Economic Overview
2.2. Electronics Overview
2.3. Imports 2022-2023
2.4. Exports 2022-2023
2.5. Consolidated Summary of Production 2022
2.6. Consolidated Summary of Production 2023
2.7. Consolidated Summary of Production 2024
2.8. Consolidated Summary of Production 2025
2.9. Summary of EDP Production
2.10. Summary of Control & Instrumentation Production
2.11. Summary of Medical & Industrial Production
2.12. Summary of Communications & Radar Production
2.13. Summary of Telecommunications Production
2.14. Summary of Consumer Production
2.15. Summary of Components Production
2.16. Summary of Active Component Production
2.17. Summary of Passive Component Production
2.18. Summary of Other Component Production
2.19. West Europe Total Production
2.20. Consolidated Summary of Markets 2022
2.21. Consolidated Summary of Markets 2023
2.22. Consolidated Summary of Markets 2024
2.23. Consolidated Summary of Markets 2025
2.24. Consolidated Summary of Markets 2026
2.25. Consolidated Summary of Markets 2027
2.26. Consolidated Summary of Markets 2028
2.27. Summary of EDP Markets
2.28. Summary of Control & Instrumentation Markets
2.29. Summary of Medical & Industrial Markets
2.30. Summary of Communications & Radar Markets
2.31. Summary of Telecommunications Markets
2.32. Summary of Consumer Markets
2.33. Summary of Components Markets
2.34. Summary of Active Component Markets
2.35. Summary of Passive Component Markets
2.36. Summary of Other Component Markets
2.37. West Europe Total Markets
3. COUNTRY DATA
3.1. AUSTRIA
3.1.1. Economic Outlook
3.1.2. Electronics Industry Overview
3.1.3. Austria Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.1.4. Austria Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.2. BELGIUM
3.2.1. Economic Outlook
3.2.2. Electronics Industry Overview
3.2.3. Belgium Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.2.4. Belgium Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.3. DENMARK
3.3.1. Economic Outlook
3.3.2. Electronics Industry Overview
3.3.3. Denmark Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.3.4. Denmark Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.4. FINLAND
3.4.1. Economic Outlook
3.4.2. Electronics Industry Overview
3.4.3. Finland Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.4.4. Finland Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.5. FRANCE
3.5.1. Economic Outlook
3.5.2. Electronics Industry Overview
3.5.3. France Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.5.4. France Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.6. GERMANY
3.6.1. Economic Outlook
3.6.2. Electronics Industry Overview
3.6.3. Germany Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.6.4. Germany Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.7. GREECE
3.7.1. Economic Outlook
3.7.2. Electronics Industry Overview
3.7.3. Greece Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.7.4. Greece Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.8. IRELAND
3.8.1. Economic Outlook
3.8.2. Electronics Industry Overview
3.8.3. Ireland Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.8.4. Ireland Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.9. ITALY
3.9.1. Economic Outlook
3.9.2. Electronics Industry Overview
3.9.3. Italy Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.9.4. Italy Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.10. NETHERLANDS
3.10.1. Economic Outlook
3.10.2. Electronics Industry Overview
3.10.3. Netherlands Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.10.4. Netherlands Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.11. NORWAY
3.11.1. Economic Outlook
3.11.2. Electronics Industry Overview
3.11.3. Norway Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.11.4. Norway Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.12. PORTUGAL
3.12.1. Economic Outlook
3.12.2. Electronics Industry Overview
3.12.3. Portugal Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.12.4. Portugal Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.13. SPAIN
3.13.1. Economic Outlook
3.13.2. Electronics Industry Overview
3.13.3. Spain Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.13.4. Spain Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.14. SWEDEN
3.14.1. Economic Outlook
3.14.2. Electronics Industry Overview
3.14.3. Sweden Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.14.4. Sweden Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.15. SWITZERLAND
3.15.1. Economic Outlook
3.15.2. Electronics Industry Overview
3.15.3. Switzerland Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.15.4. Switzerland Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
3.16. UNITED KINGDOM
3.16.1. Economic Outlook
3.16.2. Electronics Industry Overview
3.16.3. UK Production
Computing 2022-2025
Office Equipment 2022-2025
Control & Instrumentation 2022-2025
Medical & Industrial 2022-2025
Communications & Radar 2022-2025
Telecommunications 2022-2025
Consumer 2022-2025
Video 2022-2025
Audio 2022-2025
Personal 2022-2025
Components 2022-2025
Active 2022-2025
Passive 2022-2025
Other 2022-2025
3.16.4. UK Markets
Computing 2022-2028
Office Equipment 2022-2028
Control & Instrumentation 2022-2028
Medical & Industrial 2022-2028
Communications & Radar 2022-2028
Telecommunications 2022-2028
Consumer 2022-2028
Video 2022-2028
Audio 2022-2028
Personal 2022-2028
Components 2022-2028
Active 2022-2028
Passive 2022-2028
Other 2022-2028
4. APPENDICES
4.1. Consolidated Summary of West European Electronics Production 2022-2025 (Euro)
4.2. Consolidated Summary of West European Electronics Production 2022-2028 (Euro)
4.3. Exchange Rates
4.4. Guide to Interpretation of the Statistics
4.5. Guide to Statistical Trade Classifications
4.6. Guide to the Definition of the Electronic Product Headings